Each party to a contract obtains both rights and obligations
Indicate whether the statement is true or false
T
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If the current credit terms are 2/10, n/30 for Jones Inc, an accounts receivable turnover of 3 for the current year would be considered normal
Indicate whether the statement is true or false
According to the text, an important socioeconomic dimension is
A. the decreasing number of working women, which will increase demand for lower cost staples. B. the increase in the number of working women, which may expand the market for convenience goods. C. the urban-to-rural shift, which impacts demand for housing. D. the increase in the number of elderly in developed nations, which reduces demand for health care. E. the increasing birth rate in most developed nations.
Match each term with the correct statement below.
a. market b. market niche c. market segments d. marketing concept e. marketing mix f. marketing strategy g. target market h. total market approach 1. An organization develops one marketing mix for the total market of a product. 2. Product, price, promotion, and distribution 3. The management philosophy that focuses on customer satisfaction 4. The overall plan for conducting marketing activities 5. The group of people who have the ability, willingness, and authority to purchase a product.
You own a contract that promises an annuity cash flow of $100 beginning-of-the-year cash flows for each of the next three years (note: the first cash flow is today). At an interest rate of 10%, what is the present value of this contract?
A) $248.69 B) $273.55 C) $331.00 D) $364.10